All drivers are required to carry auto liability insurance. Liability insurance protects other drivers when you’re at fault for an accident. This insurance provides coverage for property damage and injuries. However, it provides no coverage for your injuries and damage to your car. Mutual Insurance Partners can help the drivers in the greater Follansbee, WV community determine which coverage options make the most sense for them.
Auto Liability Insurance: What You Need To Know
This is a question that someone interested in leasing a car may ask an insurance agent. Of course, all drivers must carry liability insurance at the least. However, it may not be enough coverage for someone interested in leasing a car. Liability insurance only covers damage and injuries for the other driver.
Although you’re legally only required to carry liability insurance, every company has its own rules and requirements. State law is only one determining factor when it comes to how much auto insurance you need. If you take out a car loan or lease a car, the loan company/lessor will likely require you to carry full coverage as well.
Any company that leases cars knows that liability coverage provides no protection for the lessee or the lessor. The other driver is the only beneficiary. This is the primary reason why the lessor usually requires the lessee to carry full coverage auto insurance.
Full coverage insurance meets the legal guidelines for auto insurance, but also provides coverage for the car, the driver, and the lessor. Leasing companies typically require the lessee to carry full coverage and 100/300/50 liability limits.
Get In Touch With Mutual Insurance Partners
If you’re considering leasing a car in Follansbee, WV and want to explore your insurance options, give us a call. We’d be happy to answer your questions.
